Estate & Succession Planning

Estate Planning

Many business owners neglect to consider how their assets will be passed on to future generations.

Frequently, individuals lack an adequately constructed Will to reflect their current circumstances and wishes. Assets that are owned by a family trust, superannuation fund or company cannot be specifically dealt with in a Will. This is because they are not owned by the business owner personally, even though they may control the entity.

Locmans Accountants & Business Advisors is able to assist in the estate planning process to ensure maximum tax efficiency.

Succession Planning

While it is difficult to imagine, it is inevitable that a time will come when you will depart from your business. Whether you decide to sell up, retire or exit due to health reasons, it's important that you plan for that day. Our succession process will ensure all aspects of the business are considered.

A good succession plan enables a smooth transition to minimise disruption to operations. By planning your exit well in advance you can maximise the value of your business and enable it to meet future needs.

At Locmans, your success is our business.